Chesterman Company and Coca-Cola Close on Acquisition of Midwest Territories

Chesterman Company (www.chesterman.com) has closed on its previously announced agreement to acquire additional territory in Iowa, Nebraska and South Dakota from The Coca-Cola Company. This includes the Nebraska distribution facilities located in Omaha, Lincoln, Grand Island, North Platte, Norfolk, and Lone Pine.

Chesterman Company, a fifth-generation beverage company founded in 1872, began distributing Coca-Cola in 1904. Prior to this acquisition, the company produced and distributed Coke products in a territory with a combined population of nearly 1 million people in parts of Iowa, South Dakota, Nebraska and Illinois.
The agreements are part of Coca-Cola North America’s ongoing and accelerated implementation of a 21st Century Beverage Partnership Model, a broad initiative aimed at building on system capabilities to sustain success.

The Coca-Cola Company began working with its bottling partners a decade ago on plans to develop a model that evolves the system to serve the changing customer and consumer landscape, with a focus on creating stronger system alignment. A critical step was the Company’s acquisition of the North American territories of Coca-Cola Enterprises in 2010. Ultimately, the Coca-Cola system in North America will be comprised of economically aligned bottling partners that have the capability to serve major customers, coupled with the ability to maintain strong, local ties across diverse markets in the U.S. and Canada.

Financial terms are not being disclosed.

For more information on Chesterman Company, visit www.chesterman.com.